PanAm’s Transition Pledge
Invest in Oil or Natural Gas?
Here is Why you Should…
- To help facilitate the transition to a less Fossil Fuel dependent world, and
- To Participate in a Common Sense, Equitable and Time-sensitive way to achieve this goal.
- Fossil Fuel usage cannot instantly be halted nor should Industry and its Investors, i.e., its “Past Risk Takers”, be asked to absorb the full burden of such a policy change.
- “Government and Consumers of transportation services and those benefitting from other essential by-products that petroleum derivatives supply, [such as, medicines, fertilizers, etc.] should share in the cost of the punitive effects any “unilaterally mandated decrees” to keep fossil fuel reserves already delineated and paid for in the ground …
…. If Industry receives the support of Government and Consumers for Item 4 above… then Agreement would need to be reached:
- Where Industry is allowed to Adequately compensate its Investors (ie, its initial Risktakers) out of future profits;
- In turn, Halt new Exploration, [unless and until agreed to by Government];
- Plan to “Develop” only the Reserves that have already been “Discovered or Delineated and designated as highly probable”;
- Reinvest a portion of profits in the “Development” of environmentally friendly, renewable Energy; and
- Invest in Vital Storage and Delivery Concepts… see PanAm Pledge below
PanAm Pledge: “8% of PanAm’s share of Investment Fund Profits will be Reinvested into Renewable Energy Generation and Storage Research.”